Pune, India, February 25, 2021 (GLOBE NEWSWIRE) – The universe hydroxychloroquine market The amount is expected to reach 2,339.1 million USD by the end of 2027. The growing number of COVID-19 infections will improve for the market in the coming years. According to a report published by Fortune Business Insights, titled “Hydroxychloroquine Market Size, Share & Industry Analysis, According to Disease Symptoms (Malaria, COVID-19, Rheumatoid Arthritis, Others), With Distribution Channel ( Pharmacy Retail Pharmacy, and online stores), and the Regional Forecast, 2020-2027, ”the market was worth USD 894.0 million in 2019 and will show a CAGR of 5.5% over the period predicted, 2020-2027.
Business Developments:
March 2020: Mylan NV has announced that it will increase its hydroxychloroquine production capacity to its facility in West Virginia to control the progress of COVID-19 in the US
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Hydroxychloroquine is a drug used for the treatment of patients suffering from malaria. The drug was originally prescribed for use by key authorities such as the EU and the Food and Drug Administration for the treatment of patients suffering from arthritis as well as autoimmune diseases such as lupus. The ongoing coronavirus outbreak has led to a strong emphasis on the research and development of a number of treatment-related drugs.
Hydroxychloroquine was observed to show positive signs in the rate of recovery of patients suffering from coronavirus. As a result, there is a sudden increase in demand for production worldwide. Countries like the United States are making several efforts to develop an effective treatment option with the help of hydroxychloroquine. The growing causes of malaria will create several growth opportunities for the companies operating in the market. Growing demand for production worldwide will have a positive impact on overall market growth in the coming years.
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Increased efforts will be made to maximize market growth
The report includes a number of factors that contributed to the growth of the market in recent years. The ability of hydroxychloroquine to accelerate recovery processes in the treatment of patients suffering from diseases such as malaria and rheumatoid arthritis has contributed to the growing demand for the product. The growing product demand has prompted a number of companies to strengthen their production methods as well as product-related capabilities.
The report highlights several companies that have taken several steps to increase hydroxychloroquine production during a pandemic coronavirus infection. In April 2020, Zydus Caadila announced that they have scaled up hydroxychloroquine production. The company was encouraged by the sudden rise in demand for a product; a feature that was the result of the Covid-19 cases that were rising steadily around the world. Zydus ’latest move will have a major impact on overall market growth in the coming years.
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Asia Pacific seems to dominate; Increasing production of hydroxychloroquine will help market growth
The report analyzes the ongoing market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these sectors, the market in Asia Pacific is likely to emerge ahead. High yield production in several countries across this region will contribute to the growth of the regional market. India is currently the largest producer of hydroxychloroquine, with over 70% of global production occurring in the country.
As of 2019, the market in Asia Pacific was worth USD 346.9 million and this value is expected to increase further in the coming years. In addition to Asia Pacific, the North American market is also seeing significant growth due to the growing number of coronavirus in the United States.
The key players operating in the Hydroxychloroquine Market are:
Key players are involved in unions and construction to strengthen their market position. As a result of increasing competition, new innovations are taking place in the market. Here are some of the companies that work in the industry:
- Sanofi
- Zydus Cadia
- Ipca Laboratories Limited
- Sandoz International GmbH (part of Novartis AG)
- Mylan NV
- Teva Pharmaceutical Industries Limited
- Bayer AG
- Others in the report
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Detailed Contents:
- Introduction
- Scope of research
- Market view
- Research Methodology
- Explanations and assumptions
- Government Minutes
- Market dynamics
- Market drivers
- Market barriers
- Market opportunities
- Key views
- Epidemiology of Malaria, Main Divisions
- Major Development in Hydroxychloroquine Market
- Impact of the COVID-19 revolution
- Pipe analysis
- Global Hydroxychloroquine Market Analysis, vision and forecast, 2016-2027
- Main Findings / Summary
- Market analysis, vision and forecast – according to disease signal
- Malaria
- COVID-19
- Rheumatoid arthritis
- Others
- Market analysis, insight and forecast – by circulation channels
- The hospital pharmacy
- Retail Pharmacy
- Online pharmacy
- Market analysis, vision and forecast – by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Toc Lean…
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A SECOND RESEARCH IS CARRIED OUT FOR THE FOLLOWING INFORMATION:
- Details such as revenue, market share, strategies, growth rate, output & prices by region / country for all major companies
- Details of frequency, frequency, patient numbers, patient circulation, average price of treatment, etc.
- Number of end-user facilities by region / country and average annual consumption or supply of equipment by type of end-user facility
- Number of procedures and average price of procedures
- Replacement rate and capital equipment prices
- Market dynamics regarding the market under focus – Drivers, restrictions, trends, and opportunities
- Market & technology trends, new product developments, product pipeline.
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